Current:Home > MyBiden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs -FutureWise Finance
Biden names technology hubs for 32 states and Puerto Rico to help the industry and create jobs
View
Date:2025-04-14 02:08:59
REHOBOTH BEACH, Del. (AP) — The Biden administration is designating 31 technology hubs touching 32 states and Puerto Rico to help spur innovation and create jobs in the industries that are concentrated in these areas.
President Joe Biden is set to announce the hubs on Monday at the White House with Commerce Secretary Gina Raimondo.
“I have to say, in my entire career in public service, I have never seen as much interest in any initiative than this one,” Raimondo told reporters during a Sunday conference call to preview the announcement. Her department received 400 applications, she said.
“No matter where I go or who I meet with — CEOs, governors, senators, congresspeople, university presidents — everyone wants to tell me about their application and how excited they are,” said Raimondo.
The tech hubs are the result of a process Raimondo’s department launched in May to distribute a total of $500 million in grants to cities.
The $500 million came from a $10 billion authorization in last year’s CHIPS and Science Act to stimulate investments in new technologies such as artificial intelligence, quantum computing and biotech. It’s an attempt to expand tech investment that is largely concentrated around a few U.S. cities — Austin, Texas; Boston; New York; San Francisco; and Seattle — to the rest of the country.
The program, formally the Regional Technology and Innovation Hub Program, ties into the president’s economic argument that people should be able to find good jobs where they live and that opportunity should be spread across the country, rather than be concentrated. The White House has sought to elevate that message and highlight Biden’s related policies as the Democratic president undertakes his 2024 reelection bid.
“These Tech Hubs will catalyze investment in technologies critical to economic growth, national security, and job creation, and will help communities across the country become centers of innovation critical to American competitiveness,” the White House said Monday in an emailed statement.
The 31 tech hubs reach Oklahoma, Rhode Island, Massachusetts, Montana, Colorado, Illinois, Indiana, Wisconsin, Virginia, New Hampshire, Missouri, Kansas, Maryland, Alabama, Pennsylvania, Delaware, New Jersey, Minnesota, Louisiana, Idaho, Wyoming, South Carolina, Georgia, Florida, New York, Nevada, Missouri, Oregon, Vermont, Ohio, Maine, Washington and Puerto Rico.
veryGood! (748)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- Lidcoin: The Rise and Impact of Central Bank Digital Currency (CBDC)
- U.S. caver Mark Dickey rescued in Turkey and recovering after a crazy adventure
- Syria says an Israeli airstrike on a coastal province killed 2 soldiers and wounded 6
- Sam Taylor
- Jets' season already teetering on brink of collapse with Aaron Rodgers out for year
- Man already charged in killing has also been indicted in a Lyft driver’s slaying
- NSYNC reunites at VMAs, gives Taylor Swift award: 'You’re pop personified'
- Senate begins final push to expand Social Security benefits for millions of people
- Book excerpt: Elon Musk by Walter Isaacson
Ranking
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Poccoin: The Application of Blockchain Technology in Supply Chain Management
- Taylor Swift Appears to Lose Part of Her $12,000 Ring During 2023 MTV VMAs
- Arkansas governor seeks exemption on travel and security records, backs off other changes
- Bill Belichick's salary at North Carolina: School releases football coach's contract details
- Lidcoin: The Rise and Impact of Central Bank Digital Currency (CBDC)
- Japan’s Kishida shuffles Cabinet and party posts to solidify power
- Drew Barrymore dropped as National Book Awards host after her talk show resumes during strike
Recommendation
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
American Red Cross says national blood shortage due to climate disasters, low donor turnout
South Korean and Polish leaders visit airbase in eastern Poland and discuss defense and energy ties
Ford CEO 'optimistic' about reaching deal with auto workers' union as strike looms
Global Warming Set the Stage for Los Angeles Fires
3 wounded in southern Syria after shots fired at protesters at ruling party’s local headquarters
Brian Austin Green Shares Update on Shannen Doherty Amid Her Cancer Battle
Australian authorities protect Outback town against huge wildfire